Jeera concluded at Rs. 25,985, reflecting a decrease of 1.24% or Rs. 325, attributed to profit booking following recent gains. Market participants are evaluating forthcoming sowing prospects, export demand, and the availability of domestic stocks. Prices had previously found support from the constriction of premium-quality bold seed supplies, a decrease in arrivals at the Unjha and Rajasthan markets, and farmers retaining stocks in expectation of improved prices during the October sowing season. However, aggressive selling by farmers to generate cash flow, increasing NCDEX warehouse stocks, and cautious procurement by industrial spice grinders constrained any further upside.
Estimates suggest that India’s cumin production may decrease to 90-92 lakh bags this year, down from 1.10 crore bags in the previous year. Production in Gujarat is anticipated to be between 42-45 lakh bags, while Rajasthan’s output is expected to range from 48-50 lakh bags. International production prospects continue to hold significance, as adverse weather conditions have reportedly led to a reduction in China’s cumin production estimate to 70,000-80,000 tonnes. In contrast, Syria, Turkey, and Afghanistan are projected to produce 9,000-10,000 tonnes, 10,000-11,000 tonnes, and 10,000-12,000 tonnes, respectively. Nevertheless, enhancing production prospects in Turkey and Syria may heighten competition for Indian exporters, while ongoing geopolitical instability in the Middle East perpetuates logistical uncertainties.
India’s jeera exports experienced a significant decline of 32% year on year, totalling 9,318 tonnes in July 2026, down from 13,779 tonnes in the same month the previous year. Cumulative exports from April to July experienced a decline of 27%, decreasing to 53,462 tonnes from the previous total of 73,026 tonnes. Shipments to Singapore experienced a remarkable increase of 889%, reaching a total of 2,842 tonnes, whereas exports to Libya saw a significant rise of 450%, amounting to 341 tonnes. In contrast, cumulative exports to China experienced a significant decline of 88%, falling to 710 tonnes from 6,066 tonnes, underscoring the fragility in a key market.
In Unjha, a significant spot market, prices concluded at Rs. 25,614.70, reflecting a decrease of 0.35%. Currently, jeera is experiencing new selling pressure, as evidenced by a 2.24% rise in open interest to 8,910 contracts, coupled with declining prices. This suggests the establishment of new short positions. Immediate support is positioned at Rs. 25,670, succeeded by Rs. 25,360, whereas resistance is established at Rs. 26,420. A sustained move above resistance could propel prices toward Rs. 26,860, while a breach below support may exacerbate the decline.
